ADVERTISEMENT

Business association presses for country strategy that extends beyond election cycle

Conferences

The Hungarian European Business Council (HEBC) pressed for a broad, long-term country strategy that extends beyond election cycles in Parliament on Tuesday.

HEBC chairman László Kerekes told MPs on Parliament's European Affairs Committee such a plan was necessary for competitiveness and to achieve sustainable growth. Creating a political, economic and social environment that is predictable in the long term is a basic condition for the country's development and competitiveness, he added.

Benedict Laux, CEO of Philips Central South East Europe, told the committee that predictability, competitiveness and the national image are all closely tied to each other. Building confidence is a long process, and it can be lost in just a moment, he added.

In the experience of the parent companies of HEBC members, Hungary's international assessment has deteriorated lately, Laux said.

ADVERTISEMENT

Hungary Inflation Rate at 21.5% in May Figures

Hungary Inflation Rate at 21.5% in May

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Industrial Production Declines in April Manufacturing

Industrial Production Declines in April

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov... History

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.